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Cullinan Metals Corp V.CMT


Primary Symbol: C.CMT Alternate Symbol(s):  CMTNF

Cullinan Metals Corp. is a Canadian mining and exploration company focused on the development of energy metals. The Company is focused on energy resources, such as copper, graphite and lithium assets. Its projects include Smiley Lithium Project, Lac-Des-Iles West Graphite Project and Wakeman Lake Lithium Project. The Smiley Lithium Property consists of around five mining claims comprising approximately 1,902 hectares located 55 kilometers (km) north of Thunder Bay, Ontario. The Smiley Lake Lithium property is located in northwestern Ontario where numerous lithium deposits have been delineated to host significant reserves of lithium oxide (Li2O). The Lac-Des-Iles West Graphite Project consists of around 43 mineral claims in one contiguous block covering approximately 2276 hectares land, near the town of Mont-Laurier in southern Quebec. The highly prospective Wakeman Lake Lithium Project covers approximately 7,900 acres and is located in Northwestern Ontario.


CSE:CMT - Post by User

Comment by neoneilon Aug 11, 2019 5:06pm
154 Views
Post# 30016326

RE:RE:RE:RE:RE:RE:Stop with the dumbass posts...LOL...

RE:RE:RE:RE:RE:RE:Stop with the dumbass posts...LOL...
Jonboy9001 wrote: Another question for you. What could OGI do to stop this? I know they are invested in this company as well and they have people working on the board I believe.


Great question…Short answer OGI really can't do anything. It was a bad bad deal for them.
 
Organigram gave 50% of a $10M debenture offering by Eviana. The other (and this is the most interesting part of this deal considering time and place AGRA is at now) 50% was met by an “Institutional Strategic Investor” who has not been named.

In my roundhouse I’m thinking this mystery Institutional Investor could very well be Haywood just saying, after all 5M is chump change too Haywood. And the debenture offering is backed by the worthiness and reputation of a company rather than any physical assets or collateral. Such a deal poses a great risk factor and I’m sure some are pooping their pants now. 
 

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